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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of KO
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Green day on Thursday for Coca-Cola
(Updated on May 02, 2024)

Buy or Hold candidate since Apr 23, 2024 Gain 2.23% PDF

The Coca-Cola stock price gained 0.0969% on the last trading day (Thursday, 2nd May 2024), rising from $61.93 to $61.99. During the last trading day the stock fluctuated 1.10% from a day low at $61.72 to a day high of $62.40. The price has risen in 8 of the last 10 days and is up by 5.23% over the past 2 weeks. Volume fell on the last day by -4 million shares and in total, 11 million shares were bought and sold for approximately $679.71 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $62.07 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Coca-Cola stock with a 90% probability to be traded between $58.76 and $62.69 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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KO Signals & Forecast

The Coca-Cola stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $61.82 and $60.23. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.0806%. Further fall is indicated until a new bottom pivot has been found.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss for Coca-Cola stock

Coca-Cola finds support from accumulated volume at $61.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.679 (1.10%) between high and low. For the last week, the stock has had daily average volatility of 1.47%.

The Coca-Cola stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $60.30 (-2.73%) (This stock has low daily movements and this gives low risk. The RSI14 is 90 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (KO) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Coca-Cola Company (The) to open at $62.04, and during the day (based on 14 day Average True Range), to move between $61.15 and $62.83, which gives a possible trading interval of +/-$0.84 (+/-1.36%) up or down from last closing price. If Coca-Cola Company (The) takes out the full calculated possible swing range there will be an estimated 2.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $62.04 (0.08%) than the support at $61.74 (0.40%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Coca-Cola Company (The) stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Coca-Cola stock to perform well in the short-term period.

Current score: 1.455 Buy Candidate Unchanged

Predicted Opening Price for Coca-Cola Company (The) of Friday, May 3, 2024

Fair opening price May 3, 2024 Current price
$62.04 ( 0.0748%) $61.99

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for KO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 62.72 1.17 %
R2 62.46 0.752 %
R1 62.30 0.493 %
Current price: 61.99
Support S1 61.78 -0.344 %
S2 61.62 -0.602 %
S3 61.36 -1.02 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 62.04 0.0807 %
Current price 61.99
Support S1 61.74 -0.403%
S2 60.50 -2.40%
S3 59.83 -3.48%

KO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 15, 2024 Mar 14, 2024 Apr 01, 2024 $0.485 0.799%
2 Oct 19, 2023 Nov 30, 2023 Dec 15, 2023 $0.460 0.785%
3 Jul 19, 2023 Sep 14, 2023 Oct 02, 2023 $0.460 0.83%
4 Apr 26, 2023 Jun 15, 2023 Jul 03, 2023 $0.460 0.759%
5 Feb 16, 2023 Mar 16, 2023 Apr 03, 2023 $0.460 0.737%

FAQ

What is the symbol for Coca-Cola Stock and on which exchange is it traded?
The symbol for Coca-Cola is KO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Coca-Cola Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Coca-Cola stock to perform well in the short-term period.

How to buy Coca-Cola Stock?
Coca-Cola Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Coca-Cola Stock.

What's the current price of Coca-Cola Stock?
As of the end of day on the May 02, 2024, the price of an Coca-Cola (KO) share was $61.99.

What is the 52-week high and low for Coca-Cola Stock?
The 52-week high for Coca-Cola Stock is $64.25 and the 52-week low is $51.55.

What is the market capitalization of Coca-Cola Stock?
As of the May 02, 2024, the market capitalization of Coca-Cola is 267.251B.

When is the next earnings date for Coca-Cola?
The upcoming earnings date for Coca-Cola is Jul 24, 2024.
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About Coca-Cola Company (The)

Coca-Cola The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plant–based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores. The company sells it... KO Profile

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